America's central bank faces a lot of peer pressure right now.

Normally Wall Street and a few gray-haired economists are the only ones paying attention to the Fed's actions. Not this time.

Rates have been at historic lows near 0% since late 2008. The Fed slashed interest rates in an attempt to jumpstart the sagging economy. The question now is whether the U.S. economy is healthy enough for the Fed to take the training wheels off.

The lobbying is in full force. Everyone from The New York Times Editorial Board to the World Bank is opining on what the Fed should do next week.

The chorus of those shouting "Don't do it!" is the loudest with only a few days to go.

"This isn't the time to be moving," former U.S. Treasury Secretary Larry Summers said Thursday on CNBC. "You have real major uncertainties coming out of China."

Nobel prize-winner in economics Joseph Stiglitz goes even further. He calls it a "no brainer" that the Fed should vote no next week given that many Americans are still looking for full-time jobs and better pay. "Now is not the time to tighten credit and slow down the economy."

But some are still telling the Fed to act. They argue there will never be a perfect time. A few like "bond king" Bill Gross and Societe Generale's Albert Edwards argue that the Fed should have started raising rates months ago.

"Have we learned nothing from the 2008 Great Recession? Just get on with it!" Edwards wrote in a note Thursday.